Fidelity Investments Hires A New Product Specialist to Focus on Crypto Operations

  • Fidelity Investments has hired Michael Zinaman as its product specialist in a bid to further develop the range of products in the company. The financial service company needed someone to focus on their crypto strategy in particular.

The Block recently posted that Michael Zinaman officially became a member of Fidelity Investments. They further detailed that as a product specialist Zinaman is tasked with overseeing the company’s cryptocurrency operations as well as execution and custody services. He has also started his new job as a specialist of products for Fidelity as recent as October. A spokesperson at Fidelity in an email noted that Michael Zinaman had recently joined another division of Fidelity and was working on a range of products across the firm.

Michael Zinaman is not new in the crypto industry according to his LinkedIn profile. As from the profile, before joining Fidelity Investments as a specialist, he worked at Cannacord Genuity in a management position in digital assets and blockchain. Prior to that he also worked at Imperial Capital which is a full-service investment banking firm as the senior vice president. His experience along with with expertise is no doubt the kind of hire Fidelity Investments hoped to scoop from the crypto world.

Fidelity Investments Crypto Custody Service

Following preparations that took almost a year and piling up of clients, CEO of Fidelity Investments Abigail Johnson finally revealed a month ago that the company is now ready to begin and showcase its crypto custody business. It is highly anticipated that new product specialist Michael Zinaman will oversee Fidelity Investment’s strategy for the newly launched cryptocurrency custody services.

Kathleen Murphy of Fidelity Investments follows a very careful approach when trading with cryptocurrencies. Murphy adds,

“You know, we’re really careful about that. So while we embrace crypto in terms of trying to understand it and be innovative and thoughtful… We’re also very careful about where we offer those types of things, so they’re not offered broadly on the retail platform. We want to be very careful about making sure that investors who really aren’t institutional investors […] don't make a mistake with cryptocurrency.”

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